Malek Spinning Mills PLC. announcements
284 Dhaka Stock Exchange announcements for Malek Spinning Mills PLC. (MALEKSPIN) since 2010: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2013 (24).
- The Company has informed that the Board of Directors has approved for adoption of the decision of the Board of Directors
The Company has informed that the Board of Directors has approved for adoption of the decision of the Board of Directors of its subsidiary companies, Titas Spinning & Denim Company Ltd. (TSDL) and Salek Textile Ltd. (STL) for Merger & Amalgamation of TSDL (Transferor Company) with STL (Transferee Company) with effect from 1st July 2013 or on such date as may be approved by the Hon'ble High Court Division of the Supreme Court of Bangladesh, BSEC and other Regulatory Authorities. TSDL and STL, subsidiaries of Malek Spinning Mills Ltd. have paid up Capital of Tk. 38.00 crore and Tk. 40.00 crore respectively of which Malek Spinning Mills Ltd. is holding 3,799,000 shares of TSDL of Tk. l00.00 each amounting to Tk. 379,900,000.00 (cont.)
- (Continuation of news of MALEKSPIN): i.e. 99.97% and 3,900,100 shares of STL of Tk. l00.00 each amounting to Tk. 390,010
(Continuation of news of MALEKSPIN): i.e. 99.97% and 3,900,100 shares of STL of Tk. l00.00 each amounting to Tk. 390,010,000.00 i.e. 97.50% respectively. The Board of Directors' of TSDL and STL had negotiated and approved the Draft Scheme of Merger & Amalgamation on consideration value for the shareholders of TSDL (Transferor Company) by issue of shares of STL (Transferee Company) in the ratio of 1: 4.60 i.e. 01 share of STL for every 4.60 shares of TSDL, subject to approval of Hon'ble High Court Division of the Supreme Court of Bangladesh, BSEC and other Regulatory Authorities. The proposed merger & amalgamation is expected to result in management and operational cost effectiveness and increase competitiveness by reducing/eliminating duplicational costs & expenses. (end)
The first part of this announcement is missing from the archive. - Normal trading of the shares of the Company will resume on 14.11.2013 after record date.
Normal trading of the shares of the Company will resume on 14.11.2013 after record date.
- Trading of the shares of the Company will remain suspended on record date i.e., 13.11.2013.
Trading of the shares of the Company will remain suspended on record date i.e., 13.11.2013.
- (Q1): As per un-audited quarterly accounts for the 1st quarter ended on 30th September 2013 (July'13 to Sep'13), the Com
(Q1): As per un-audited quarterly accounts for the 1st quarter ended on 30th September 2013 (July'13 to Sep'13), the Company has reported consolidated net profit after tax (excluding non-controlling interests) of Tk. 125.87 million with consolidated EPS of Tk. 0.65 as against Tk. 70.21 million and Tk. 0.36 respectively for the same period of the previous year.
- Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be
Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit from 10.11.2013 to 12.11.2013. Trading of the shares of the Company will remain suspended on record date i.e., 13.11.2013.
- The Board of Directors has recommended cash dividend @ 10% (i.e. Tk. 1.00 per share of Tk. 10.00 each) for the year ende
The Board of Directors has recommended cash dividend @ 10% (i.e. Tk. 1.00 per share of Tk. 10.00 each) for the year ended on June 30, 2013. The Board has also decided to increase authorized capital of the Company from Tk. 200.00 crore to Tk. 300.00 crore and to amend Clause Umma of the Memorandum of Association and Clause 5 (ka) of the Articles of Association of the Company. Date of AGM: 24.12.2013, Time: 11:00 AM, Venue: Trust Milonayaton, 545, Puraton Biman Bandar Sarak (Adjacent to Shahid Bir Shresta Jahangir Gate), Dhaka Cantonment, Dhaka-1206. Record Date: 13.11.2013. (cont.)
- (Continuation of news of MALEKSPIN): The Company has reported consolidated EPS of Tk. 2.81, consolidated NAV per share o
(Continuation of news of MALEKSPIN): The Company has reported consolidated EPS of Tk. 2.81, consolidated NAV per share of Tk. 43.48 and consolidated NOCFPS of Tk. 1.97 for the year ended on June 30, 2013. The Company has also reported EPS of Tk. 1.24, NAV per share of Tk. 28.21 and NOCFPS of Tk. 1.46 for the year ended on June 30, 2013. (end)
The first part of this announcement is missing from the archive. - There will be no price limit on the trading of the shares of the Company today (24.10.2013) following its corporate decl
There will be no price limit on the trading of the shares of the Company today (24.10.2013) following its corporate declaration.
- As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will
As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on October 23, 2013 at 2:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2013.
- Credit Rating
Credit Rating Information and Services Limited (CRISL) has rated the Company as "A+" in the long term and "ST-3" in the short term based on financials of the Company up to 30th June 2012 (audited) and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Credit Rating Information and Services Limited (CRISL) has rated the Company as "A+" in the long term and "ST-3" in the
Credit Rating Information and Services Limited (CRISL) has rated the Company as "A+" in the long term and "ST-3" in the short term based on financials of the Company up to 30th June 2012 (audited) and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- (Continuation of news of MALEKSPIN): As a result the shareholding will stand at 99.30% from existing 96.23%. The proposa
(Continuation of news of MALEKSPIN): As a result the shareholding will stand at 99.30% from existing 96.23%. The proposal would be subject to approval of Bangladesh Securities and Exchange Commission (BSEC). MSML shall subscribe to the proposed additional share issues of the above subsidiary from its internal generation of funds. The proposed Capital Restructuring of the subsidiary and liquidation of their loans/advances/liabilities and payment for additional land and ancillary investments as the case may be, are expected to result in financial discipline and economic operations of the respective company. It may be mentioned that the implementation of NSL project was shelved, as approved by the shareholders (cont.-2)
The first part of this announcement is missing from the archive. - (Continuation of news of MALEKSPIN): of MSML in its AGM held on 27th December 2010 due to non availability of gas from T
(Continuation of news of MALEKSPIN): of MSML in its AGM held on 27th December 2010 due to non availability of gas from Titas Gas Transmission & Distribution Company Ltd. and the balance of the IPO funds was invested in acquisition of two operating companies namely J.M. Fabrics Limited and Titas Spinning & Denim Company Limited. However NSL had to continue to purchase certain contracted strategic lands due to geographical contiguity, location and security positions which would require additional funds for implementation of the project in due course of time. (end)
The first part of this announcement is missing from the archive. - The Company has informed that the Board of Directors of the Company has approved the proposal of the Board of Directors
The Company has informed that the Board of Directors of the Company has approved the proposal of the Board of Directors of New Asia Synthetics Limited (NSL) to raise the paid up capital from existing Tk. 93,715,000.00 to Tk. 500,000,000.00 consisting of 5,000,000 ordinary shares of Tk. 100.00 each. The funds so raised would be utilized for repayment of liabilities and payment for purchase of additional strategic lands and ancillary investments by NSL. Since the minority shareholders (3.77%) have refused to subscribe to their part of the increased paid up capital, the Board of Directors of NSL has offered the entire additional shares of Tk. 406,285,000.00 to Malek Spinning Mills Ltd. (MSML). The Board of Directors of MSML has approved the proposal of NSL. (cont.-1)
- Expansion of Fixed Asset
The Company has informed that the Board of Directors of Titas Spinning & Denim Company Ltd., a subsidiary of Malek Spinning Mills Limited has decided for BMRE of its production capacity of denim fabric by installation of 24 nos. Rapier Loom machines and 12 nos. Air Zet Loom machines at an estimated cost of Tk. 20.00 crore. This will enable the Company to raise it production capacity from 4,000,000 yards to 7,500,000 yards per annum. The estimated investment of Tk. 20.00 crore would be funded by a Term Loan from Bank.
- The Company has informed that the Board of Directors of Titas Spinning & Denim Company Ltd., a subsidiary of Malek Spinn
The Company has informed that the Board of Directors of Titas Spinning & Denim Company Ltd., a subsidiary of Malek Spinning Mills Limited has decided for BMRE of its production capacity of denim fabric by installation of 24 nos. Rapier Loom machines and 12 nos. Air Zet Loom machines at an estimated cost of Tk. 20.00 crore. This will enable the Company to raise it production capacity from 4,000,000 yards to 7,500,000 yards per annum. The estimated investment of Tk. 20.00 crore would be funded by a Term Loan from Bank.
- Q3 Earnings
As per un-audited quarterly accounts for the 3rd quarter ended on 31st March 2013 (Jan'13 to March'13), the Company has reported consolidated net profit after tax (excluding non-controlling interest) of Tk. 115.05 million with consolidated EPS of Tk. 0.59 as against Tk. 58.89 million and Tk. 0.30 respectively for the same period of the previous year. Whereas consolidated net profit/(loss) after tax (excluding non-controlling interest) was Tk. 287.85 million with consolidated EPS of Tk. 1.49 for the period of nine months (July'12 to March'13) ended on 31.03.2013 as against Tk. (492.76) million and Tk. (2.55) respectively for the same period of the previous year.
- (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 31st March 2013 (Jan'13 to March'13), the Compan
(Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 31st March 2013 (Jan'13 to March'13), the Company has reported consolidated net profit after tax (excluding non-controlling interest) of Tk. 115.05 million with consolidated EPS of Tk. 0.59 as against Tk. 58.89 million and Tk. 0.30 respectively for the same period of the previous year. Whereas consolidated net profit/(loss) after tax (excluding non-controlling interest) was Tk. 287.85 million with consolidated EPS of Tk. 1.49 for the period of nine months (July'12 to March'13) ended on 31.03.2013 as against Tk. (492.76) million and Tk. (2.55) respectively for the same period of the previous year.
- HY Earnings
As per un-audited half yearly accounts as on 31.12.2012 (July'12 to Dec'12), the Company has reported consolidated net profit/(loss) after tax (excluding non controlling interest) of Tk. (96.15) million with consolidated EPS of Tk. (0.50) as against Tk. (552.92) million and Tk. (2.86) (restated) respectively for the same period of the previous year. Whereas consolidated net profit/(loss) after tax (excluding non controlling interest) was Tk. (166.37) million with consolidated EPS of Tk. (0.86) for the period of 3 months (Oct'12 to Dec'12) ended on 31.12.2012 as against Tk. (362.78) million and Tk. (1.87) (restated) respectively for the same period of the previous year.
- (H/Y): As per un-audited half yearly accounts as on 31.12.2012 (July'12 to Dec'12), the Company has reported consolidate
(H/Y): As per un-audited half yearly accounts as on 31.12.2012 (July'12 to Dec'12), the Company has reported consolidated net profit/(loss) after tax (excluding non controlling interest) of Tk. (96.15) million with consolidated EPS of Tk. (0.50) as against Tk. (552.92) million and Tk. (2.86) (restated) respectively for the same period of the previous year. Whereas consolidated net profit/(loss) after tax (excluding non controlling interest) was Tk. (166.37) million with consolidated EPS of Tk. (0.86) for the period of 3 months (Oct'12 to Dec'12) ended on 31.12.2012 as against Tk. (362.78) million and Tk. (1.87) (restated) respectively for the same period of the previous year.
- (Continuation of news of MALEKSPIN): Malek Spinning Mills Limited shall subscribe to the proposed additional share issue
(Continuation of news of MALEKSPIN): Malek Spinning Mills Limited shall subscribe to the proposed additional share issues of all the above named three subsidiaries from its internal generation of funds. (end)
The first part of this announcement is missing from the archive. - The Company has informed that the Board of Directors of the Company has approved additional investment in Share Capital
The Company has informed that the Board of Directors of the Company has approved additional investment in Share Capital of its three subsidiary companies in the following manner subject to the consent of Bangladesh Securities and Exchange Commission (BSEC): (1) Salek Textile Mills Limited: Tk. 110,173,100.00; (2) J.M. Fabrics Limited: Tk. 337,500,000.00; and (3) Titas Spinning & Denim Co. Limited: Tk. 379,000,000.00. The above subsidiary companies shall raise their paid up capital by issuance of ordinary share at face value of Tk. 100.00 each and the fund so raised shall be utilized to settle the outstanding loan & liabilities including advances from Malek Spinning Mills Limited. (cont.)
- The Company has informed that it has credited the bonus shares for the year ended on June 30, 2012 to the respective sha
The Company has informed that it has credited the bonus shares for the year ended on June 30, 2012 to the respective shareholders' BO Accounts on 15th January, 2013.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.